Ameris Bancorp (ABCB) to Issue Quarterly Dividend of $0.20 on April 6th

Ameris Bancorp (NASDAQ:ABCB) announced a quarterly dividend on Thursday, March 19th. Investors of record on Tuesday, March 31st will be paid a dividend of 0.20 per share by the bank on Monday, April 6th. This represents a c) annualized dividend and a yield of 1.1%. The ex-dividend date is Tuesday, March 31st.

Ameris Bancorp has raised its dividend by an average of 0.1%annually over the last three years.

Ameris Bancorp Price Performance

Ameris Bancorp stock opened at $74.49 on Friday. Ameris Bancorp has a 52-week low of $48.27 and a 52-week high of $87.98. The company has a quick ratio of 1.00, a current ratio of 1.02 and a debt-to-equity ratio of 0.11. The firm’s fifty day moving average is $80.15 and its 200 day moving average is $76.52. The company has a market cap of $5.06 billion, a price-to-earnings ratio of 14.30 and a beta of 0.97.

Ameris Bancorp (NASDAQ:ABCB) last issued its quarterly earnings data on Thursday, January 29th. The bank reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.56 by $0.03. The business had revenue of $309.92 million during the quarter, compared to analysts’ expectations of $310.48 million. Ameris Bancorp had a net margin of 21.46% and a return on equity of 9.57%. During the same period last year, the company posted $1.38 EPS. Sell-side analysts forecast that Ameris Bancorp will post 4.99 EPS for the current fiscal year.

About Ameris Bancorp

Ameris Bancorp is a bank holding company headquartered in Atlanta, Georgia. Through its principal subsidiary, Ameris Bank, the company offers a broad range of commercial and retail banking services to individuals, small businesses, middle market companies and agricultural customers. Its core business lines encompass deposit services, lending solutions, treasury management, mortgage origination and servicing, insurance products and wealth management.

Ameris Bancorp operates a network of branches and loan production offices across the southeastern United States, including Georgia, Alabama, Florida, North Carolina, South Carolina and Tennessee.